Type public company Headquarters Mumbai Founded 1910 | Industry Oil and Gas Owner BP (50.9%) | |
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Traded as BSE: 500870
NSE: CASTROLIND Key people Mr. Omer Dormen
(Managing Director) Products Oil
Petroleum
Petrochemical
Lubricant Website www.castrol.com/en_in/india.html Stock price CASTROLIND (NSE) ₹ 412.45 +4.25 (+1.04%)6 Mar, 3:30 PM IST - Disclaimer Revenue 23.54 billion INR (US$350 million) | ||
Castrol India Limited is an automotive and industrial lubricant manufacturing company. Castrol India is the largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 48% market share in the overall Indian lubricant market. Its part of Castrol Limited UK (part of BP Group). It has 5 manufacturing plants that are networked with 270 distributors, serving over 70,000 retail outlets.
Contents
History
In 1910, Castrol India started importing certain automotive lubricants from C C Wakefield & Company made an entry in the Indian market. In 1979, CIL was incorporated under the name of Indrol Lubricants and Specialities Pvt Ltd. It was listed on BSE in 1982 and CIL was converted into a public limited company. CIL had formed a subsidiary Company in the year 1987 under the name of Indtech Speciality Chemicals, Ltd.
On 1 November 1990, the name of the company was changed from Indrol Lubricants & Specialities Ltd. to Castrol India Ltd. It helped to manufacture of Telephone cable jellies, pharmaceuticals jellies and industrial waxes in technical collaboration with Dussek Campbell, U.K.